VGK, SCC: Big ETF Inflows

MarketNewsVideo
, ContributorOpinions expressed by Forbes Contributors are their own.

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard FTSE Europe ETF (VGK), which added 4,500,000 units, or a 1.6% increase week over week. Among the largest underlying components of VGK, in morning trading today Nestle (NSRGY) is up about 0.9%, and Novartis (NVS) is up by about 0.1%.

And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares UltraShort Consumer Services (SCC), which added 75,000 units, for a 20.0% increase in outstanding units.